Not often is there a reinforced-concrete freestanding home for sale in Shibuya Ward, but this is one of those rare instances available for purchasers desiring durability in build as well as ample space for interior comfort. 

Quick Details:

• Price: ¥630,000,000
• Land Size: 100 square meters
• Building Size: 224.53 square meters
• Parking: 1 space
• Nearest Stations: Hiroo Stn. (14 mins on foot) & Omote Sando Stn. (14 mins on foot)
• Year Built: 2007
• Layout: 3 bedroom upper unit with roof balcony & 1 bedroom lower unit with patio

The Property

Built by the current owner in 2007, the three-floor above ground and one-floor basement level are separated into two independent units; the larger 100 plus square meter unit spanning the first to third floors that includes parking and a roof balcony. 

Additionally, the property boasts a 70 square meter, 1 bedroom basement unit with completely separate entrance.

Seller narrated video outlining the benefits of the property.

The entire building is bathed in natural light thanks to windows on both sides of the building.  In the case of the basement unit, any non-load bearing wall was intentionally made of glass to allow light to penetrate further into the dwelling.

The owner purposely did not build the structure to land zoning capacity specifically to construct a light well that doubles as a patio for the basement unit.  By painting the concrete embankment wall white, the light reflects down into the unit making it one of the brighter basement units in the city.

Basement unit LDK with patio perspective. 

If the underground level is well lit by design, the upper unit is even more so.

All rooms in both units are spacious by design.  A rarity in Tokyo property, the upper unit has separated the living room and dining room, both of which are spacious enough to accommodate western sized furniture.

The lower unit more traditionally combines the living and dining room but is still large enough to comfortably house singles or couples.  

The original intention for the lower unit was for in-laws but in the end, circumstances allowed it to be consistently rented out at between JPY 300,000 to 320,000 throughout the duration of ownership even to the present day. 

The upper unit was lived in by the current owner since construction, however several years ago they were able to fetch a six figure JPY monthly rent to a Tokyo based chief executive of a globally publicly traded firm.

What attracted the tenants as well as kept the owner comfortable were ample sized bedrooms, higher-than-average ceilings along with bathing facilities off each bedroom.  

The third floor houses the living and dining rooms so to ease grocery and other daily cargo from the car park, a home elevator was installed at construction and has been dutifully maintained throughout ownership.  

The rooftop balcony being accessed from the third floor sets the stage for a very meaningful home life for entertaining and barbecues allowing ample access to sky views, a rarity in the central Tokyo metropolis. 

The Location

The uniqueness of spaciousness, light, structure and rentability is not all this property has on offer.   The location is the paramount of convenience too. 

The Hiroo address in Tokyo’s Shibuya Ward is well known both domestically and internationally as a premiere address and one that has seen land tax valuations increase by 4.81%, 8.26% and 6.78% in 2018, 2019 and 2020 respectively.

Land values as the tax department views it is seen as a bellwether of pricing trends for the Tokyo market.  Market value is higher than property tax valuations however the trend lines mirror each other. 

The global unpredictability brought on by the pandemic flatlined the upward trend from continuing in 2021 but 2022 saw a return to upside printing a 0.79% gain from the previous year.

Source: tochidai.info/area/hiroo/

Will this continue?  Demand in the Hiroo addresses has always been high, both from renters and buyers.  A large part of that demand has been driven by the access to the best of what Hiroo has to offer, from world class medical care at the nearby Japanese Red Cross Medical Center to being nestled in the exclusive residential areas that separate Shibuya and Roppongi areas.

The Hiroo addresses have always been known as a residential respite tucked within the breakneck velocity that is Tokyo.  Easy train access but also easy car access defines the location. 

Who is this property for? 

This is a property for those who appreciate light, space and durability while being within arms reach of the convenience and lifestyle that Tokyo has to offer. 

Whether a domestic or overseas buyer, those interested in having a rental income element to their primary residence will find this property very attractive.  Both the upstairs and downstairs units have strong rental track records that can be relied on to reliably estimate rental yields.

Especially for overseas buyers who wish to use the property for when they are in Tokyo but rent it out while they are away can do so as this is a freestanding home; there are no Homeowners Association rules to adhere to - you are the sole owner and thus make the rules within the guidelines of the Shibuya Ward health department guidelines which are more relaxed than body corporates. 

Another scenario would be to live in the lower unit while renting the upstairs or vice versa depending on lifestyle. 

The reinforced concrete structure allows for extensive interior renovations as well without compromising on the structural integrity of the building.

The possibilities are vast with this property.  Both units are currently tenanted until March of 2023 so viewings are difficult but those interested in learning more should contact the listing agent using the inquiry form below.